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Jeongwon borrows money for a new swimming pool and hot tub. He agrees to repay the note with a payment of $1200 per quarter for

image text in transcribed Jeongwon borrows money for a new swimming pool and hot tub. He agrees to repay the note with a payment of $1200 per quarter for 6 years. Find the amount she must set aside today to satisfy this capital requirement in an investment earning 8% compounded quarterly (2pt.)

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